Analyst Reveals Timeline for Pi Coin Price to Hit $10

Pi Coin price has continued its struggle to break the $0.5 resistance amid a topsy-turvy scenario recorded in the broader crypto market.

Pi Network has lost more than 5% today, reflecting a cautious stance of the investors towards the asset.

However, despite the gloomy trading momentum, a top expert has sparked discussions on Pi Coin with his recent bold forecast.

The expert has revealed the potential timeline for Pi price to hit $10, citing reasons that may back the upward momentum ahead.

Although the projection of $10 seems a bit over ambitious, the expert appears to have stayed bullish towards the target.

According to him, the latest rollout of the Pi APP studio could be the game-changer for the overall ecosystem.

Pi Coin Price Dips Below $0.5: More Dip Ahead?

Pi Coin price has recorded a slump of over 5.5% today to slip below the $0.48 level. This decline was recorded from a 24-hour high of $0.5, which has spooked the investors over more dips in the coming days.

Over the last seven days, PI Price has lost more than 15%, extending its monthly plunge to around 28%.

Simultaneously, the Pi Network Open Interest also continued to slip, reflecting the waning risk-bet appetite of the investors.

Meanwhile, the technical indicators also indicate high selling pressure in the market. For context, the Pi’s Relative Strength Index (RSI) was recorded at 35, indicating that the crypto is approaching an oversold condition.

However, the oversold condition might also help in a strong recovery for the asset. Usually, such conditions often precede with robust recovery, as it allows investors to enter the market at a lower price.

Having said that, some investors also evaluate the possibility of a further dip ahead for the crypto.

Although discussions are soaring over Pi Coin price to hit a new all-time low below $0.4, analyst Dr Altcoin has recently shrugged off that concern.

Analyst Reveals Timeline for Pi Network Price to Hit $10

Despite the recent dip in Pi Coin Price, analyst Dr Altcoin has remained bullish on the future trajectory of the asset.

Notably, he has recently predicted that the crypto is likely to hit $10, hinting at the potential timeline, which has sparked discussions among traders.

According to Dr Altcoin, this milestone will mark the beginning of Pi Network’s journey as a global, peer-to-peer digital currency.

Notably, the analyst’s optimism is based on the launch of the Pi Network’s AI App Studio, which he believes has massive future potential.

Pi APP Studio In Focus

Currently in its early beta stage, the PI AI App Studio functions as an AI chatbot. However, Dr Altcoin expects it to evolve into a platform where users can build fully functional decentralized applications (DApps) without prior coding experience.

Meanwhile, when a user inquired about how long it might take for Pi Coin price to hit $10, Dr Altcoin said it would take around 1-2 years. However, the timeline he said is for the AI App Studio to reach its full potential.

This suggests that the Pi Network price could also reach the $10 mark within the same timeframe.

However, the analyst’s forecast is based on the assumption that the AI App Studio’s growth will drive adoption and increase demand for Pi Coin.

Besides, the expert’s interest in the platform’s future is evident in his plans to secure .pi domain names for his projects once the AI App Studio becomes fully functional and DApps require them.

Despite that, the investors should exercise caution due to the ongoing volatile scenario in the broader crypto market.

While the expert’s bullishness has sparked optimism, the future momentum might also depend on the overall market’s movement.